Friday, May 15, 2009

Average Rent In Manhattan April 2009

Average Rent April 2009, originally uploaded by La Pauline.

Above are the average rents in Manhattan, based on closed deals. Contrary to what The New York Times reported on Thursday, prices have not hit rock bottom, and owners are certainly not giving apartments away. $1500 is still your average price of entry for a place in Manhattan these days.

Which isn't to say owners aren't willing to negotiate. Just this week I was helping a friend whose landlord wanted to raise their thrid floor walk up in the West Village to almost $5000. That's a lot of money for a cozy three bedroom, regardless of neighborhood. Her place is super cute and smack in the middle of the West Village.

They noodled back and forth until the owner finally offered $4700 and threw in a washer/dryer in the unit. That's a score if I ever heard of one. Come winter, those three ladies are going to be thrilled with that washer/dryer.